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Vietnam is a crucial partner in achieving food security, according to PBBM

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In order to ensure food security, the Philippines views Vietnam as an “essential partner,” according to President Ferdinand R. Marcos Jr.

In Phnom Penh, Cambodia, on the eve of the 40th and 41st Association of Southeast Asian Nations (Asean) Summit and Related Summits, he made the comment during a private discussion with Vietnamese Prime Minister Pham Minh Chinh.

Marcos mentioned Vietnam as the source of 90% of the Philippines’ rice imports during their discussion.

He expressed his eagerness to collaborate closely with Vietnam and to be more actively involved in efforts to improve ties in agricultural and other sectors like commerce, investment, defense, and maritime security.

“As we have noted, the Philippines and Vietnam have had a blooming, a growing relationship since the beginning of our diplomatic relationship,” Marcos said. “This is true both in terms of the political and security side, as well as, of course, in terms of trade and in people-to-people contacts.

While noting a considerable economic imbalance between the two nations, the President welcomed the increasing overall commerce between the Philippines and Vietnam.

He hoped Vietnam will assist the Philippines in solving this issue.

Since then, our trade has increased, he continued. “In the past few years, we have seen a wonderful success, the incredible economic success that Vietnam has enjoyed. With that, even Filipino investors have started to move to Vietnam to be part of this progress in your nation.

The Philippines has already restored the Philippine Trade and Investment Center in Ho Chi Minh, which is anticipated to strengthen business ties between the Philippines and Vietnam.

A continuation of the conversations, including the sharing of intelligence and tactical ideas for addressing marine issues, was also deemed advantageous by Marcos.

Chinh, on the other hand, expressed a desire to collaborate with the Philippines on trade balancing and maritime issues, particularly illegal fishing.

He emphasized the necessity of innovative strategies for overcoming the current problems and urged adherence to the South China Sea Declaration on the Conduct of Parties.

The head of Vietnam also praised Marcos for the Philippine government’s successful response to the coronavirus illness of 2019 (Covid-19) and for achieving one of Asia’s highest rates of gross domestic product (GDP) growth.

According to the Philippine Statistics Authority, the Philippines has de-escalated quarantine procedures and reported a 7.6 percent GDP growth despite a high inflation environment.

A common area

In the meantime, Marcos emphasized the necessity for Asean to “find common ground” in order to address urgent issues, including the crisis in Myanmar and escalating US-China tensions over Taiwan.

“All of these problems are really urgent and important. And for that reason, in my opinion, Asean must establish common ground on which to take on those difficulties.

Taiwan has insisted on its independence since 1949, despite China’s allegation that it is a renegade colony.

Following Speaker of the US House Nancy Pelosi’s visit to Taiwan in August, relations between Taiwan and China looked to have drastically deteriorated.

In February 2021, the military in Myanmar overthrew Aung San Suu Kyi’s elected government.

Widespread public protests over the takeover were put down with deadly force.

Armed resistance to military government has developed in reaction.

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